THE COMMUNITY FOUNDATION FOR SOUTH CENTRAL NEW YORK INC

EIN: 161512085 501(c)(3) Philanthropy & Grantmaking

BINGHAMTON, NY

Total Revenue
$5,628,410
Total Expenses
$4,302,409
Total Assets
$46,008,094
Net Assets
$44,617,898
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
TINA BARBER
Phone
6077726773
Tax Period
2024-01-01 to 2024-12-31

THE COMMUNITY FOUNDATION FOR SOUTH CENTRAL NEW YORK INC, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.6M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 24% operating margin.

Mission

OFFERS CARING INDIVIDUALS AN EFFECTIVE WAY TO ENDOW THEIR COMMUNITY IN A MANNER THAT IS RESPONSIBLE, RESPONSIVE, AND LASTING. TO ESTABLISH & MAINTAIN CHARITABLE ENDOWED AND UNENDOWED FUNDS INCLUDING: DONOR ADVISED, FIELD OF INTEREST, DESIGNATED, PASS THROUGH, AGENCY, SCHOLARSHIP & UNRESTRICTED FOR CHARITABLE GRANTMAKING IN BROOME, CHENANGO, DELAWARE, OTSEGO & TIOGA COUNTIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,032,510
Program Service Revenue $0
Investment Income $3,590,057
Other Revenue $5,843
TOTAL REVENUE $5,628,410

Expense Breakdown

Grants Paid $3,329,826
Salaries & Benefits $518,034
Fundraising Expenses $179,448
Program Expenses $3,627,422
Other Expenses $454,549
TOTAL EXPENSES $4,302,409

Year-over-Year Comparison

2024 2023 Change
Revenue $5,628,410 $11,533,253 -0.5%
Expenses $4,302,409 $4,140,578 +0.0%
Net Income $1,326,001 $7,392,675 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
68

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$153,065
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK S GORGOS CHAIR 1.00
Officer Director
$0 $0 $0
SHAWN WOLBERT VICE-CHAIR 1.00
Officer Director
$0 $0 $0
PAUL F WOOD TREASURER 1.00
Officer Director
$0 $0 $0
KERSTIN M DRISCOLL-WITT SECRETARY 1.00
Officer Director
$0 $0 $0
ABBEY ORTU BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN SASTRI BOARD MEMBER 1.00
Director
$0 $0 $0
JAMYE L MILASI BOARD MEMBER 1.00
Director
$0 $0 $0
RAJESH DAVE MD BOARD MEMBER 1.00
Director
$0 $0 $0
ERICA LAWSON BOARD MEMBER 1.00
Director
$0 $0 $0
THERESA PIPHER BOARD MEMBER 1.00
Director
$0 $0 $0
DR ANTHONY HAWKINS BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN A BURTIS BOARD MEMBER 1.00
Director
$0 $0 $0
DR LAURA BRONSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
GREG LAMONICA BOARD MEMBER 1.00
Director
$0 $0 $0
DAN BUCHERT BOARD MEMBER 1.00
Director
$0 $0 $0
TINA M BARBER EXECUTIVE DIRECTOR 35.00
Officer
$131,715 $21,350 $153,065
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,628,410 $4,302,409 $46,008,094 $1,326,001
2023 $11,533,253 $4,140,578 $43,763,336 $7,392,675
2022 $3,449,622 $3,158,756 $34,655,769 $290,866
2021 $5,470,617 $2,985,852 $38,641,044 $2,484,765
2020 $3,923,484 $3,221,075 $34,146,009 $702,409
2019 $6,594,953 $3,018,051 $30,567,767 $3,576,902
2018 $3,127,428 $2,412,476 $23,530,073 $714,952
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